CNS AR24 Digital - Book - Page 76
COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS4(Continued)
The following table summarizes gain (loss) from investments4net:
Years Ended December 31,
2024
(in thousands)
Net realized gains (losses) during the period . . . . . . . . . . . . . . . . . . . . . . . . . . . $
Net unrealized gains (losses) during the period on investments
still held at the end of the period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gain (loss) from investments4net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
2023
(658) $
17,240
16,582
$
2022
(6,016) $
7,147
10,307
4,291 $
(32,253)
(25,106)
The following table summarizes the statements of financial condition attributable to the Company's consolidated VIEs:
December 31,
2024
(in thousands)
December 31,
2023
Assets (1)
Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
109,210 $
60
199
109,469
159,931
13
644
160,588
Due to brokers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
Other liabilities and accrued expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
170 $
333
503
119
449
568
Net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
108,966 $
160,020
Attributable to the Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
Attributable to noncontrolling interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
45,774 $
63,192
108,966 $
48,601
111,419
160,020
Due from brokers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Liabilities (1)
_________________________
(1) The assets may only be used to settle obligations of each VIE and the liabilities are the sole obligation of each VIE, for which creditors
do not have recourse to the general credit of the Company.
5. Fair Value
ASC Topic 820, Fair Value Measurement specifies a hierarchy of valuation classifications based on whether the inputs
to the valuation techniques used in each valuation classification are observable or unobservable. These classifications are
summarized in three broad levels:
" Level 14Unadjusted quoted prices for identical instruments in active markets.
" Level 24Quoted prices for similar instruments in active markets; quoted prices for identical or similar
instruments in markets that are not active; and model-derived valuations in which all significant inputs and
significant value drivers are observable.
" Level 34Valuations derived from valuation techniques in which significant inputs or significant value
drivers are unobservable.
These levels are not necessarily an indication of the risk or liquidity associated with the investments.
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